RegulationAccounting StandardsACCA investigates former president

ACCA investigates former president

Professional conduct team examining theft case

The former president of the ACCA, Dennis Yeates, is being investigated by the
institute after he pleaded guilty on a charge of theft.

Yeates, a former health service finance director, cheated his step-son and
daughter-in-law out of £20,000.

He pleaded guilty to theft at Warwick Crown Court and received an eight month
prison sentence suspended for two years.

On the back of the charges ACCA has confirmed it is reviewing the case.
Yeates could face a professional disciplinary board of the institute.

A spokesman said: “Whilst we are very sad to learn of this story, any member
who misappropriates funds is liable to disciplinary action by ACCA. The matter
is being looked into by ACCA’s Professional Conduct team.”

The ACCA conduct team is selected by an independent appointments committee
(made up of non-ACCA members), and will be either a senior accountant, lawyer or
laypeople with experience of regulatory and disciplinary matters.

“We don’t know who will assess the case, they deal with cases on a rota
basis,” the spokesman added.

The PC team, following their investigation, will decide whether Yeates will
have to attend a disciplinary hearing. The institute anticipates that a decision
will be reached on whether a hearing will go ahead within six months.

Yeates stole money from his step-son, daughter-in-law and wife claiming he
would invest it for them. He was ordered to pay £500 in court costs and
undertake 180 hours of community service.

Accountancy Age was unable to contact Yeates at the time of
publishing.

Further reading:

Former
ACCA president pleads guilty to theft

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